why graph 2 different from graph one which one is more accurate and why ? $18 tr
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why graph 2 different from graph one which one is more accurate and why ?
$18 tril Nominal GDR Graph #2 196.54 $15 tril 1965 5574 il 1975 $1.69 ril $12 tril 1980 2.86 ril 985 S4.35 tril $9 tril 1990 $5.98 tri 1995 $7.66 tril 20001028 tril $6 tril 200S 2010 2015 513.09 rl $14.96 tril $17.95 tril $3 tril $0 tril 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Using the table, graph the points representing the nominal Gross Domestic Product of the US from 1960 to 2015 Does this graph take account of inflation? Circle one: (Yes No Why is Graph #2 different from Graph # 1 ? which is more accurate and why do you think so?Explanation / Answer
Graph 1 is drawn with real GDP taking inflation into account whereas Graph 2 i drawn with nominal GDP without taking inflation factor.
Graph 1 can be said more accurate as this can help to understand the GDP growth in real terms.
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